Sweden and the Netherlands in the top of countries most likely to recover economically from the pandemic

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Out of 37 countries, the Netherlands has come in as fourth most likely to recover financially from the coronavirus crisis. This is according to the Global Competitiveness Report by the World Economic Forum (WEF).

 

The top three countries are Finland, Sweden, and Denmark. After the Netherlands, China comes in at number 5, then Canada, followed by New Zealand in seventh.

 

This is how countries can rebuild competitive economies for people and planet by Saadia Zahidi Managing Director, World Economic Forum

 

  • A country’s economic competitiveness must include how well it supports and protects its people and the planet.
  • According to the Global Competitiveness Report Special Edition 2020, which analysed 37 countries for their readiness for economic transformation, growth and productivity alone are not enough.
  • With equality and the environment front and centre, the priorities for policy-makers are: long-term resilience; education, skills and care; future-ready markets; and innovation.

As 2020 comes to a close, countries are looking to what lies ahead in 2021.

 

Facing the ongoing public health crisis of COVID-19 and the pandemic’s lasting effects on the global economy, policy-makers around the world must take this moment to reflect not just on the immediate recovery, but on how this time can be used to transform their economic systems.

Growth and productivity alone are not enough, without addressing inequality and the environment. There is a need to shift policies so that economies make sustainability and social inclusion central to how they function. This requires not just policies to manage environmental externalities or to build safety nets for people, but also those to spur investments that create the greener, fairer and people-focused markets of tomorrow. In other words, a country’s economic competitiveness must include how well it supports and protects its people and the planet.

 

Read the article and the full report 2020 here:
This is how countries can rebuild competitive economies for people and planet | World Economic Forum (weforum.org)

 

 

 

 

 

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